Euro Bulls Beware: The End of Quantitative Easing Is Nigh

The Eurozone is biggest economy in the world. Of course it's going to pan out better than the U.S! WSJ's Mark Gongloff can bs all he likes about the periphery, but the Euro is going nowhere.

12:24 pm May 30, 2011

Prudence wrote:

If we hit the debt ceiling the Treasury can no longer borrow and supply deposits to the banking system thereby allowing the Fed to increase reserves for quantitative easing. But considering the Fed and Treasury are run by quangocrats, they may consider QE3 because 1 and 2 didn't work. What did Einstein say about insanity?

Believing that we need even two percent inflationary devaluation of our currency for our economy to grow is Keynesian nonsense. Furthermore, we don't have any such thing as "trend-line growth". This is a figment of effete economists imagination both historically and reason. Anyone who believes you can extrapolate human nature mathematically or statistically is living in a Neanderthal collectivist galaxy.

I am amused at the large collection of academics, analysts, and economists who don't do objective research and analysis. If they did they would debunked the theories that were espoused when the U.S. had extraordinary growth after WWII. Many of those in power have been educated in institutions where thinking out of the box is eschewed and networking is emphasized. If you have been educated by Neanderthals you will become one unless you make radical changes in your thinking.

Why do we have a debt ceiling if the Administration and Congress are going to raise it every time in is exceeded. Hypocrisy! Congress is a Moral Hazard.

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